Charged with Defrauding NFT Investors in BVI Company Taj Tarsha is Bailed for $500K in SDNY

Charged with Defrauding NFT Investors in BVI Company Taj Tarsha is Bailed for $500K in SDNY by Matthew Russell Lee, Patreon Book Substack SDNY COURTHOUSE, June 15 –   A wire fraud defendant was presented and bail out on June 11 in the U.S. District Court for the Southern District of New York Magistrates Court. Inner City Press was the only media there, and witnessed it: release on $500,000 personal recognizance (unsecured) bond. The defendant was represented by Reed Smith LLP.    But the complaint and case were not unsealed on PACER that day. Since an agreement on bail had been reached in advance, specifics of the charges were not stated during the presentment.   Now they have been. Taj Tarsha is accused of participating in a scheme to defraud investors in Few and Far Limited, a British Virgin Islands LLC purporting to operate as a marketplace for non-fungible tokens.   Investors signed a "Simple Agreement for Future Tokens," or SAFT. More like a shaft - the FAR token declined more than 99% from its launch price.   The case is USA v. Tarsha, 1:26-mj-2163 (Willis). *** Your support means a lot. As little as $5 a month helps keep us going and grants you access to exclusive bonus material on our Patreon page. Click here to become a patron. Feedback: Editorial [at] innercitypress.com Mail: Box 130222, Chinatown Station, NY NY 10013 Other, earlier Inner City Press are listed here, and some are available in the ProQuest service, and now on Lexis-Nexis.  Copyright 2006-2026 Inner City Press, Inc. To request reprint or other permission, e-contact Editorial [at] innercitypress.com